The Bank of Korea's governor says the U.S. Federal Reserve's rate hike will likely have a limited impact on Korea's capital markets.
Governor Lee Ju-yeol told reporters Thursday morning the pace of rate hikes in the U.S. is in line with expectations and that a rate gap of 50 to 75 basis points is unlikely to trigger capital flight.
On the BOK's rate decision later this month, Governor Lee said the bank will take into consideration domestic macroeconomic conditions, capital market stability and the impact of the U.S.-China trade war.